Zürcher Nachrichten - EU hits X with 120-mn-euro fine, risking Trump ire

EUR -
AED 4.181853
AFN 71.737344
ALL 94.207554
AMD 418.322713
ANG 2.038723
AOA 1044.183684
ARS 1684.219261
AUD 1.652043
AWG 2.051075
AZN 1.935121
BAM 1.954504
BBD 2.295478
BDT 140.187076
BGN 1.925397
BHD 0.429715
BIF 3384.956268
BMD 1.138695
BND 1.474722
BOB 7.87578
BRL 5.889215
BSD 1.139745
BTN 106.97609
BWP 15.488733
BYN 3.305509
BYR 22318.42614
BZD 2.292181
CAD 1.615985
CDF 2581.998711
CHF 0.922298
CLF 0.02669
CLP 1050.435044
CNY 7.741021
CNH 7.746498
COP 3916.712983
CRC 517.457002
CUC 1.138695
CUP 30.175423
CVE 110.191959
CZK 24.252899
DJF 202.95547
DKK 7.474822
DOP 66.965612
DZD 151.930292
EGP 56.43875
ERN 17.080428
ETB 183.746703
FJD 2.580392
FKP 0.862766
GBP 0.862704
GEL 3.011847
GGP 0.862766
GHS 12.850482
GIP 0.862766
GMD 83.124857
GNF 9986.380487
GTQ 8.695236
GYD 238.521895
HKD 8.929682
HNL 30.494786
HRK 7.533497
HTG 148.96126
HUF 354.082932
IDR 20310.906483
ILS 3.41842
IMP 0.862766
INR 107.447907
IQD 1493.010352
IRR 1565990.589223
ISK 143.999498
JEP 0.862766
JMD 179.501017
JOD 0.807318
JPY 184.189074
KES 147.427206
KGS 99.579138
KHR 4574.967464
KMF 494.193463
KPW 1024.826089
KRW 1749.752789
KWD 0.352551
KYD 0.94977
KZT 552.993446
LAK 25016.417765
LBP 102061.847887
LKR 383.106057
LRD 207.60239
LSL 18.734582
LTL 3.362271
LVL 0.688786
LYD 7.31615
MAD 10.687216
MDL 20.207605
MGA 4820.80451
MKD 61.594172
MMK 2390.41825
MNT 4076.111956
MOP 9.206597
MRU 45.48585
MUR 54.338532
MVR 17.593515
MWK 1976.290008
MXN 19.940761
MYR 4.655003
MZN 72.758607
NAD 18.734582
NGN 1569.96453
NIO 41.942198
NOK 11.324352
NPR 171.161545
NZD 2.018867
OMR 0.437826
PAB 1.139745
PEN 3.886424
PGK 5.001685
PHP 69.797448
PKR 317.183953
PLN 4.287814
PYG 6956.388929
QAR 4.154446
RON 5.241443
RSD 117.302246
RUB 89.917486
RWF 1669.093634
SAR 4.280063
SBD 9.16872
SCR 16.007589
SDG 683.217725
SEK 11.087566
SGD 1.474047
SHP 0.850151
SLE 28.229626
SLL 23877.873405
SOS 651.368238
SRD 42.681693
STD 23568.691856
STN 24.483771
SVC 9.97239
SYP 125.86237
SZL 18.723589
THB 38.053992
TJS 10.548108
TMT 3.985433
TND 3.378061
TOP 2.741705
TRY 53.089497
TTD 7.745866
TWD 36.281069
TZS 2994.762678
UAH 51.15779
UGX 4183.227131
USD 1.138695
UYU 45.749675
UZS 13689.925577
VES 706.848451
VND 29947.684055
VUV 135.743206
WST 3.166577
XAF 655.522484
XAG 0.019442
XAU 0.000281
XCD 3.07738
XCG 2.054038
XDR 0.81526
XOF 655.522484
XPF 119.331742
YER 271.721169
ZAR 18.754541
ZMK 10249.624729
ZMW 20.530391
ZWL 366.659393
  • CMSC

    -0.1160

    21.93

    -0.53%

  • CMSD

    -0.1600

    21.77

    -0.73%

  • NGG

    -0.4100

    83.01

    -0.49%

  • RBGPF

    3.7000

    65

    +5.69%

  • RIO

    -1.3700

    93.74

    -1.46%

  • BCE

    -0.2800

    22.92

    -1.22%

  • GSK

    0.6100

    52.5

    +1.16%

  • AZN

    2.7300

    188.41

    +1.45%

  • BTI

    0.2800

    62.76

    +0.45%

  • RYCEF

    0.3900

    18.39

    +2.12%

  • BP

    -0.5900

    37.13

    -1.59%

  • RELX

    0.4200

    31.34

    +1.34%

  • VOD

    0.0300

    13.89

    +0.22%

  • JRI

    0.2100

    12.79

    +1.64%

  • BCC

    1.2600

    81.02

    +1.56%

EU hits X with 120-mn-euro fine, risking Trump ire
EU hits X with 120-mn-euro fine, risking Trump ire / Photo: Nicolas TUCAT - AFP

EU hits X with 120-mn-euro fine, risking Trump ire

The European Union hit Elon Musk's X with a 120-million-euro ($140-million) fine Friday for breaking its digital rules, in a move that risks a fresh clash with US President Donald Trump's administration.

Text size:

The high-profile probe into the social media platform was seen as a test of the bloc's resolve to police Big Tech -- and Vice President JD Vance fired a bullish warning against "attacking" US firms through "censorship" before the penalty was even made public.

Imposing the first-ever fine under its powerful Digital Services Act (DSA) on content, the EU said it was hitting X for non-compliance with transparency rules including through the "deceptive design" of its blue checkmark.

"This decision is about the transparency of X" and "nothing to do with censorship," the bloc's tech chief Henna Virkkunen told reporters as it was announced -- pushing back at Vance's charge.

The US vice president warned the EU pre-emptively Thursday it "should be supporting free speech not attacking American companies over garbage" -- in an X post to which Musk replied "Much appreciated."

Musk's platform was the target of the EU's first ever formal DSA investigation launched in December 2023 -- and was preliminarily found to have breached its rules on several counts in July 2024.

The European Commission took issue with the check system introduced after Musk took over what was then Twitter in 2022 -- since it meant anyone could pay for a label intended as a badge of authenticity.

Its probe also found X failed to be sufficiently transparent about its advertising and give researchers access to public data in line with the DSA's rules.

X remains under investigation over how it tackles the spread of illegal content and information manipulation -- with those parts of the probe yet to conclude.

- 'Comply with our rules' -

Part one of the X probe had appeared to stall since the middle of last year -- with no movement on imposing.

Weighing on the EU's mind was the picture in the United States -- starkly different from 2023 -- after Trump returned as president with Musk by his side at the start of this year.

The pair later fell out, but the tycoon has since reappeared in White House circles, and Brussels had to contend with the prospect any fine on X would fan tensions with the US leader.

True to form, Vance hit out before the move was even announced, citing "rumours" the commission was preparing to fine X "for not engaging in censorship."

The DSA gives the EU power to fine companies as much as six percent of their global annual revenues -- and in the case of X the bloc could have based itself on the revenues of Musk's entire business empire, including Tesla.

Brussels settled on what is arguably a moderate sum relative to X's clout -- but Virkkunen told reporters it was "proportionate" to the violations at stake.

"We are not here to impose the highest fines. We are here to make sure that our digital legislation is enforced," said the tech chief. "If you comply with our rules, you don't get a fine -- and it's as simple as that."

She also emphasised this was just one part of a "very broad investigation" into X, which remained ongoing.

Washington has made plain its distaste for the bloc's tech laws, and US Commerce Secretary Howard Lutnick pressed the EU to rethink the rules if it wants lower steel duties while in Brussels last week.

Driving the point home, a new national security strategy released Friday by Trump's administration urges Europe to "abandon its failed focus on regulatory suffocation."

The commission has repeatedly asserted Europe's "sovereign right" to enforce its laws.

At the same time as the X fine, the commission said it had accepted commitments from TikTok to address concerns over its advertising system, although the Chinese-owned platform remains under DSA investigation over other issues.

Regarding X, EU officials insist US politics did not steer their decision-making -- but rather making the case legally water-tight.

T.L.Marti--NZN